The Washington Report: Rep. Grimm's Indictment to have 'Zero Impact' on House TRIA Bill

The House bill's sponsor was indicted in Brooklyn on Monday on federal charges of underreporting payroll while running a New York restaurant.

By Arthur D. Postal|April 29, 2014 at 10:18 AM

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Legal problems facing Rep. Michael Grimm, R-N.Y., named sponsor of the preferred House version of legislation reauthorizing the Terrorism Risk Insurance Act (TRIA) are likely to have “zero impact” on House action on the legislation, according to several insurance lobbyists.